PNC Financial & GTreasury Team Up to Boost Digital Treasury Services

Zacks11-22 23:50

The PNC Financial Services Group, Inc. PNC announced its partnership with GTreasury, a global leader in Digital Treasury Solutions. This new collaboration integrates PNC’s embedded banking solution, ...

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PNC announced its partnership with GTreasury, a global leader in Digital Treasury Solutions. This new collaboration integrates PNC’s embedded banking solution, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/pnc-financial-gtreasury-team-boost-155000768.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B7SZLL34.SGD","symbol_name":"Legg Mason ClearBridge - Value A Acc SGD-H","start_time":0,"source_url":"https://finance.yahoo.com/news/pnc-financial-gtreasury-team-boost-155000768.html","article_id":"2485294519","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/o3V8cpKj9KVxoddm7RswQQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/e47efa9bc9631c2b487973852f0ea0c9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485294519","pubTimestamp":1732290600,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The PNC Financial Services Group, Inc. PNC announced its partnership with GTreasury, a global leader in Digital Treasury Solutions. This new collaboration integrates PNC’s embedded banking solution, PINACLE Connect, with GTreasury’s treasury and risk management platform.PNC introduced PINACLE in 2021 to remove complexities and address client feedback, particularly regarding technology integration and fraud prevention.Before partnering with Gtreasury, in September 2024, PNC and Plaid, a fintech company specializing in data transfer networks, entered into a bilateral data access agreement. This agreement intends to help PNC customers across the United States to securely and efficiently share their financial data with their preferred financial applications through Plaid.In 2022, PNC Bank enhanced its services for the hospitality sector by acquiring Linga, a leading provider of point o","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4552":"Archegos爆仓风波概念","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU1069347547.HKD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (HKD) INC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK4504":"桥水持仓","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0251142724.SGD":"Fidelity America A-SGD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","PNC":"PNC金融","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","TISI":"Team Inc","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","DB":"德意志银行","LU0971096721.USD":"富达环球金融服务 A","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","BK4566":"资本集团","BK4585":"ETF&股票定投概念","LU0149725797.USD":"汇丰美国股市经济规模基金","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU1035773651.USD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (USD) INC","BK4559":"巴菲特持仓","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4501":"段永平概念","BK4120":"环境与设施服务"},"translate_title":"PNC Financial和GTreasury联手提升数字财务服务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"US7Y.BOND":1,"PNC":1,"TISI":1,"US10Y.BOND":1,"US12M.BOND":1,"DB":1,"US2Y.BOND":1,"US30Y.BOND":1,"US3Y.BOND":1,"US5Y.BOND":1,"US6M.BOND":1},"content_text":"The PNC Financial Services Group, Inc. PNC announced its partnership with GTreasury, a global leader in Digital Treasury Solutions. This new collaboration integrates PNC’s embedded banking solution, PINACLE Connect, with GTreasury’s treasury and risk management platform. PNC introduced PINACLE in 2021 to remove complexities and address client feedback, particularly regarding technology integration and fraud prevention.\nPNC Financial and GTreasury Streamline Treasury Operations\nWith this expanded partnership, PNC and GTreasury’s mutual clients can make their operations more efficient and streamline processes. The client can also avoid the swiveling practice that generally arises when using multiple partner platforms by integrating key PNC banking services. These services include payment automation (ACH, wire and real-time payments initiation), along with reconciliation through real-time payment status updates, as well as real-time and historical balance and transaction reporting to streamline cash management.The client onboarding process will be streamlined to reduce implementation time and minimize the technology resources required to integrate PNC’s services with the GTreasury platform.Similar to PNC, Wells Fargo & Company WFC and Deutsche Bank DB are also enhancing their API technologies. WFC expanded its APIs portfolio with the launch of specialized APIs for its Commercial Banking clients in September 2024. This automated setup permits effortless data transfer among trading partners, reducing delays in sending and receiving information. In June 2024, DB expanded its collaboration with Bitpanda to offer real-time payment solutions for incoming and outgoing transactions for users in Germany. This API-based account solution will give Bitpanda access to German IBANs, streamlining and improving the user experience while ensuring confidence, speed and efficiency.\nPNC Financial’s Management Comments\nHoward Forman, executive vice president and head of Digital Channels for PNC Treasury Management, said, “This integration with GTreasury expands our existing, broad portfolio of platform integrations that are delivering the power of our Treasury Management platform within the systems our clients use to run their businesses.’’ He further added, “The secure modern, scalable API-based approach helps our clients accomplish many of their financial goals — automating manual processes, reducing risk and optimizing their liquidity position.”\nPNC Financial’s Prior Efforts to Enhance Online Platforms\nBefore partnering with Gtreasury, in September 2024, PNC and Plaid, a fintech company specializing in data transfer networks, entered into a bilateral data access agreement. This agreement intends to help PNC customers across the United States to securely and efficiently share their financial data with their preferred financial applications through Plaid.In 2022, PNC Bank enhanced its services for the hospitality sector by acquiring Linga, a leading provider of point of sale and payment solutions. Linga's cloud-based restaurant operating system has enabled PNC to enhance its service offerings to hospitality and restaurant industry clients, providing a more comprehensive suite of financial tools tailored to meet the unique needs of these businesses.\nParting Thoughts on PNC Financial\nPNC Financial is strengthening its digital and banking solutions through strategic partnerships and acquisitions. These efforts reflect PNC’s commitment to innovation, providing secure and scalable solutions that address evolving client needs.Such strategic efforts will help the bank to further solidify customer loyalty and attract new clients seeking advanced digital solutions. This could lead to increased transaction volumes and higher revenue streams.\nPNC Financial’s Price Performance & Zacks Rank\nOver the past six months, shares of PNC have gained 34.7% compared with the industry’s growth of 22.6%.\nImage Source: Zacks Investment Research\nPNC Financial currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nWells Fargo & Company (WFC) : Free Stock Analysis Report\nThe PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report\nDeutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485294519"}